• Monday, August 08, 2022

Business

Eurozone Witnesses Sluggish Economic Growth in August: PMI Data

Eurozone Witnesses Sluggish Economic Growth in August: PMI Data.

By: Radhakrishna N S

Eurozone economy continued to grow in August 2018 albeit with the rate of expansion remaining one of the weakest seen over the past year-and-a-half. Companies’ expectations of future growth meanwhile slipped to the lowest for nearly two years, said IHS Markit Eurozone Composite Purchasing Managers Index (PMI) in its latest data released on Thursday (23). The IHS Markit Eurozone Composite PMI edged higher from 54.3 in July to 54.4 in August, according to the flash reading. The rise signalled a marginal acceleration of output growth during the month. However, the increase in output was the third-weakest since January 2017 and…

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